Hubble Network has recently made waves in the tech world with its announcement of a $70 million Series B funding round. This achievement brings the total funding raised by the company to an impressive $100 million in less than four years. Hubble is on a mission to transform connectivity by enabling billions of devices to connect worldwide without the need for traditional cellular networks or specialized hardware.
This latest round of funding marks a significant milestone for Hubble, solidifying its position as a leading company in the early growth stage of the space technology sector. The financial support it has received has not only increased its total capital but has also attracted a range of strategic investors. These investors include experienced operators and experts in deep technology. Their involvement brings not just financial investment but also a wealth of credibility and valuable industry connections that can help drive Hubble’s growth.
One of the key indicators of Hubble’s success is the demand for its innovative solutions. The company has established partnerships with more than ten pilot customers, all of whom manage millions of connected devices. This strong interest from various clients confirms the growing need for a global, low-power Internet of Things (IoT) solution that Hubble is uniquely positioned to provide.
The newly acquired funds will significantly enhance Hubble’s ability to expand its satellite network. With these resources, the company can accelerate the onboarding process for developers and support the deployment of its services across multiple sectors, including logistics, infrastructure, defense, and consumer markets. This expansion will enable Hubble to reach a wider audience and foster even more connections between devices.
Since its founding in 2021, Hubble has achieved several remarkable milestones. The company successfully launched its first satellites in collaboration with pilot customers, making history by establishing the first-ever Bluetooth connection to space. Additionally, Hubble has formed partnerships with well-known brands like Life360 and Tile, thereby enabling access to over 90 million devices. The company has also deployed a Bluetooth Low Energy Finding Network and expanded its operations to include seven satellites for comprehensive global tracking.
Going forward, Hubble is collaborating with Muon Space to develop larger satellites, which will lay the groundwork for an enhanced constellation that can provide improved global coverage. With substantial financial backing from a prestigious group of investors, including notable figures like Ryan Swagar, Tom Gonser from DocuSign, Mike Farley from Tile, and others, Hubble Network is well-positioned to lead the way in creating a new standard for connectivity through satellite technology.
KEY QUOTES:
“Our vision has always been to connect billions of devices seamlessly and cost-effectively, without requiring hardware or infrastructure. This round confirms the strong demand for scalable, low-power, global IoT connectivity.”
Alex Haro, Co-founder and CEO of Hubble Network
“Hubble is doing what many thought was impossible, making space accessible for everyday devices. Their unique architecture, strong technical execution, and proven customer demand position them to define the future of global connectivity.”
Ryan Swagar, Co-founder of Swagar Capital
